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Bears Focus on 100-dma *RES 4:.........>

SILVER TECHS
SILVER TECHS: Bears Focus on 100-dma
*RES 4: $16.216 - High Feb 20
*RES 3: $15.997 - High Feb 27
*RES 2: $15.825 - High Feb 28
*RES 1: $15.640 - High Mar 21
*PRICE: $15.317 @ 06:52 GMT Mar 28
*SUP 1: $15.194 - 100-dma
*SUP 2: $15.140/072 - Low March 14/200-dma
*SUP 3: $14.969 - Low Mar 8
*SUP 4: $14.915 - High Nov 2
Silver breached the $15.400 level and extended the downtrend toward double
bottom support at $15.276/278. A close below this area would bring the 100-dma
back into view at $15.194, ahead of the March 14 low and 200-dma at $15.140/072.
On the topside bulls target Friday's high at $15.640. A break above here is
needed to allow the metal to play catch up with the rally in gold and target the
Feb 28 high at $15.825.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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